Today, we are honored to have senior housing expert, John Downey, as our guest blogger. As Director of Prestige Senior Living (www.prestigeseniorliving.net), John has created a national Seniors real estate division focusing on the unique needs of our growing seniors population. – The KCM Crew
From music to fashion to real estate.
We take notice of home buyers and sellers by trends as well and give them due focus. We have X’s, Y’s, Z’s and a group that will be in the spotlight for years to come: Baby Boomers. Born between the years 1946 and 1964, Forbes Magazine revealed this generation controls more than 70% of the total net worth of households, a total of $7 Trillion.
Demanding Attention
In an article on the website incomehedge.com, it was shown that roughly 27 percent of all owned homes are in the hands of those 65 and older as the home ownership rate exceeds 80% for those aged 65 to 84. This means that over 37 million homes are in a rapidly aging population.
Realtors Are Already Living It
According to the National Association of Realtors’ 2013 Member Profile, the average Realtor age in the U.S. is 57. Many of these agents are already in the position of assisting to the matters of their aging parents and some are in complete control of the family’s decision making on this issue. They will make critical decisions about assets and health. This allows them instant insight and credibility, should they choose to share the passion of helping other Seniors in transition.
Some Seniors Must Try On Their Own
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It seems with the release of new digital marketing tools, real estate professionals are finding more creative ways to interact and build relationships with their customers. Here are 5 reasons agents should be using videos.
